Alpha Metallurgical (AMR) Lags Q3 Earnings and Revenue Estimates

Core Insights - Alpha Metallurgical (AMR) reported quarterly earnings of $0.29 per share, significantly missing the Zacks Consensus Estimate of $1.60 per share, and down from $6.65 per share a year ago, representing an earnings surprise of -81.88% [1] - The company posted revenues of $671.9 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.25%, and down from $741.82 million year-over-year [2] - Alpha Metallurgical shares have declined approximately 38.5% year-to-date, contrasting with the S&P 500's gain of 19.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.20 on revenues of $682.4 million, and for the current fiscal year, it is $17.89 on revenues of $3.02 billion [7] - The estimate revisions trend for Alpha Metallurgical is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Mining - Miscellaneous industry, to which Alpha Metallurgical belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Wheaton Precious Metals Corp. (WPM), is expected to report quarterly earnings of $0.35 per share, reflecting a year-over-year increase of 29.6% [9]